Research >> Economics
Weekly Initial Unemployment Claims Increase 21,000 to 275,000
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In the week ending December 17, the advance figure for seasonally adjusted initial claims was 275,000, an increase of 21,000 from the previous week's unrevised level of 254,000. The 4-week moving average was 263,750, an increase of 6,000 from the previous week's unrevised average of 257,750. There were no special factors impacting this week's initial claims. This marks 94 consecutive weeks of initial claims below 300,000, the longest streak since 1970.
The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending December 10, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 10 was 2,036,000, an increase of 15,000 from the previous week's revised level. The previous week's level was revised up 3,000 from 2,018,000 to 2,021,000. The 4-week moving average was 2,037,000, a decrease of 1,750 from the previous week's revised average. The previous week's average was revised up by 750 from 2,038,000 to 2,038,750.
Posted: December 22, 2016 Thursday 08:30 AM